UPS Said to Be in Talks to Buy Coyote Logistics for $1.8 Billion - Bloomberg
United Parcel Service Inc. is in talks to buy Coyote Logistics LLC for about $1.8 billion, two people with knowledge of the matter said.
A deal between Coyote and UPS would be the third-largest logistics deal this year, as the industry goes through a wave of consolidation amid rising consumer demand. In April, FedEx Corp. agreed to buy Dutch parcel-delivery company TNT Express NV for $4.8 billion. Later that month, XPO Logistics Inc. agreed to acquire European counterpart Norbert Dentressangle SA in a deal valued at $3.53 billion including debt.
United Parcel Service Inc. is in talks to buy Coyote Logistics LLC for about $1.8 billion, two people with knowledge of the matter said.
A deal between Coyote and UPS would be the third-largest logistics deal this year, as the industry goes through a wave of consolidation amid rising consumer demand. In April, FedEx Corp. agreed to buy Dutch parcel-delivery company TNT Express NV for $4.8 billion. Later that month, XPO Logistics Inc. agreed to acquire European counterpart Norbert Dentressangle SA in a deal valued at $3.53 billion including debt.
